The mission of the study reported here was to provide a better understanding of the existing financial arrangement for elementary and secondary education, to design alternative systems where they appeared to be justified, and to recommend systems that would provide like amounts of dollars for students with similar characteristics (deaf, blind, disadvantaged, etc.) in all school districts. The document examines the study team organization, their methods of data collection and analysis, and their recommendations for school finance reform. The document describes the main features of the Florida Education Finance Program Act of 1973, enacted as a result of the study recommendations. The paper concludes with a list of recommendations that other States might find useful in setting up a State school finance study. (Author/DN)